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\nUnderstanding Income for Taxation and Tax Liability\n

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\n\nPublisher:\n\nThe Business Professor\n\n\n
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\nIn this video, the speaker explains what constitutes income for the purpose of taxation and how it is calculated to determine one's tax liability. He covers various sources of income such as wages, self-employment income, dividends,...\nIn this video, the speaker explains what constitutes income for the purpose of taxation and how it is calculated to determine one's tax liability. He covers various sources of income such as wages, self-employment income, dividends, interest, and gains, and explains how they are taxed under the federal and state tax regimes. He also discusses the deductions and exemptions that individuals may use to reduce their taxable income and credits that can be applied against their tax liability.\n
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Resource Details

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Curator Rating
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Educator Rating
Not yet Rated
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Media Length
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8:57
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Grade
Higher Ed
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Subjects
Social Studies & History
3 more...
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Media Type
Instructional Videos
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Source:
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\nThe Business Professor\n\n
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Date
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2022
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Language
English
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Audiences
For Teacher Use
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Usage Permissions
Fine Print: Educational Use
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Additional Materials

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Concepts

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income, income tax, dividends, interest, business, wages
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Additional Tags

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taxation, gross income, adjusted gross income, calculate income, tax liability, retained earnings, state level, marginal dollar, individual brackets, corporate entity, employment income, based, receive, brackets, generally, entity, dividend, identify, gains, subject, taxed, purpose, start, number, sources, normal, person, similarly, ac corporation, corporation, individuals
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Classroom Considerations

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Best For: Explaining a topic
Video is ad-free
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Educator Ratings

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\n\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" aria-label=\"Play video: Understanding Income for Taxation and Tax Liability\" href=\"/subscription/new\">\"Understanding\n\n
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